You must be over the age of 18 and under the age of 75 and be a UK resident for tax purposes. You cannot access your pension benefits before the age of 55. Over longer periods of time (five years or more), investments such as stocks, shares and funds have the potential to give you higher returns compared to cash savings. But the value of investments can fall as well as rise. There is a chance you may get back less than you put in. Eligibility criteria, fees and charges apply. When transferring any existing pensions, exit fees may apply.
Bring your ISAs and pensions to Royal Bank Invest
So you can view and manage them all in one place. Plus you could get a cash reward from £50 - £5,000.
Offer open between 18th May and 18th September 2026.
Eligibility, exclusions, terms and conditions apply. The value of investments can fall as well as rise. Your current provider may charge exit fees.
Why a Royal Bank Invest Pension?
- Start from £50.
- Transfer existing pensions for a clearer view of your retirement fund.
- Investments managed by experts at Coutts.
- Low fees, so you keep more of your money.
- Instant tax relief on what you pay in (limits apply).
- Interactive tool to help you plan for retirement.
1. Select the amount
Choose the amount you want to put away each month towards your pension. Get instant tax relief on what you pay in (limits apply). If you have any existing pensions, select the pension(s) you’d like to transfer.
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2. Choose your risk level and review fund projections
Five ready-made funds to match your retirement goals and investment style. You’ll also learn how your investment could perform over time to help choose the right fund for your retirement goal.
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3. Transfer existing pension (s) or pay in to your pension
You can make one-off contributions and set up monthly payments. If you have any existing pensions, you can transfer them by providing your pension reference numbers. Your existing provider might charge fees for the transfer.
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Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.
Looking to start a pension?
- Opening a pension could help you plan for your retirement.
- Starting a pension is a tax-efficient way to prepare for retirement. Beginning this journey sooner rather than later could mean more cash for you later in life.
- Start from £50 and add to it with a lump sum or regular monthly payments. It’s quick and easy to set up, you will need your national insurance number to begin.
Looking to start a pension?
- Opening a pension could help you plan for your retirement.
- Starting a pension is a tax-efficient way to prepare for retirement. Beginning this journey sooner rather than later could mean more cash for you later in life.
- Start from £50 and add to it with a lump sum or regular monthly payments. It’s quick and easy to set up, you will need your national insurance number to begin.
Already have a pension?
Multiple jobs throughout your career could mean multiple pension pots.
Managing multiple pensions in one place could make it easier to plan for the future.
You could transfer your existing pension(s) to us by providing your pension reference numbers which you will be able to find on a recent statement or pension portal. You can also make lump sum or regular monthly payments.
Your existing provider might charge fees for the transfer.
Already have a pension?
Multiple jobs throughout your career could mean multiple pension pots.
Managing multiple pensions in one place could make it easier to plan for the future.
You could transfer your existing pension(s) to us by providing your pension reference numbers which you will be able to find on a recent statement or pension portal. You can also make lump sum or regular monthly payments.
Your existing provider might charge fees for the transfer.
How much does it cost to invest with us?
Your fees will be 0.55% of your investment or less. That’s 55p for every £100 of your investments. This 55p covers the following:
Platform fee
The maximum you’ll pay is 0.15%. That’s 15p for every £100 of your investments.
This covers the cost of admin and online access to your Royal Bank Invest account.
We charge this fee at the end of each quarter (March, June, September and December). The money is taken from your account about a week later, normally in the next month: April, July, October and January.
Fund fee
The maximum you’ll pay is 0.40%. That’s 40p for every £100 of your investments.
This covers the cost of managing your investment.
The fund fee is taken directly from the fund by the fund manager. It's made up of an annual management charge averaged out over the year and taken on a daily basis.
Transaction costs
There are also costs for buying and selling within your investment - these are called transaction costs. Based on actual past costs, the highest costs for any of the available funds will be 0.12% of the value of the fund each year. These costs will be taken directly from the fund.
How much does it cost to invest with us?
Your fees will be 0.55% of your investment or less. That’s 55p for every £100 of your investments. This 55p covers the following:
Platform fee
The maximum you’ll pay is 0.15%. That’s 15p for every £100 of your investments.
This covers the cost of admin and online access to your Royal Bank Invest account.
We charge this fee at the end of each quarter (March, June, September and December). The money is taken from your account about a week later, normally in the next month: April, July, October and January.
Fund fee
The maximum you’ll pay is 0.40%. That’s 40p for every £100 of your investments.
This covers the cost of managing your investment.
The fund fee is taken directly from the fund by the fund manager. It's made up of an annual management charge averaged out over the year and taken on a daily basis.
Transaction costs
There are also costs for buying and selling within your investment - these are called transaction costs. Based on actual past costs, the highest costs for any of the available funds will be 0.12% of the value of the fund each year. These costs will be taken directly from the fund.
Forecast your Royal Bank Invest Pension
If you're a Royal Bank Invest customer with a Personal Pension, our Pension Planner tool gives you a personalised forecast based on your current Royal Bank Invest Pension plan. You can also explore how different choices might impact your retirement by adjusting key factors such as:
- Your retirement age
- Monthly contributions
- Lump sum payments
- Fund choice
- Market conditions
It’s a simple, interactive way to help you understand your pension and explore what your future could look like.
Information Message
The values produced are only forecasts and not a guarantee of a set return.
Forecast your Royal Bank Invest Pension
If you're a Royal Bank Invest customer with a Personal Pension, our Pension Planner tool gives you a personalised forecast based on your current Royal Bank Invest Pension plan. You can also explore how different choices might impact your retirement by adjusting key factors such as:
- Your retirement age
- Monthly contributions
- Lump sum payments
- Fund choice
- Market conditions
It’s a simple, interactive way to help you understand your pension and explore what your future could look like.
Information Message
The values produced are only forecasts and not a guarantee of a set return.
Frequently asked questions
Learn more about investments
- Whether you’re an experienced investor or just finding out what investing is, we’ve got a range of articles to help you understand more about investing.
- We regularly update our articles depending on what’s happening in the market so check back for future updates.